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Auto Sales Falling Sharply

New York Times | Nick Bunkley | Posted 05.25.2011 | Business

DETROIT -- September was another difficult month for carmakers. Toyota, the Ford Motor Company and Chrysler each said Wednesday that their sales in t...

Is The Rage Against The Bailout Plan Reasonable?

Wall Street Journal | James Stewart | Posted 05.25.2011 | Business

They're angry and they're not going to take it anymore. That's the message opponents of the proposed financial rescue, now widely derided as a bailou...

Senate passes $700B rescue; House votes lured

AP | JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON | Posted 05.25.2011 | Business

WASHINGTON — After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage ...

Hank Paulson Needs A Sales Lesson

Vince Farrell | Posted 05.25.2011 | Business
Vince Farrell

Hank Paulson needs to go to some kind of sales seminar to learn how to sell a program and not try to ram it down people's throats.

Towns Hit By Crisis: Connecticut, New Jersey And The Manhattan Ripple

BusinessWeek | Prashant Gopal | Posted 05.25.2011 | Business

How many former Lehman Brothers bankers or AIG (AIG) executives are likely to be buying a Park Avenue apartment or a home in Darien, Conn., this year?...

Senate to vote on rescue plan with added tax cut

AP | CHARLES BABINGTON and ANDREW TAYLOR | Posted 05.25.2011 | Business

WASHINGTON — In a bold bid to revive President Bush's multibillion-dollar financial rescue plan, Senate leaders scheduled a vote for Wednesday n...

Can Alec Baldwin Fix The Economy? (No.)

Dave Burdick | Posted 05.25.2011 | Business
Dave Burdick

Sometime last week my friend, Noah Garfinkel, said he just wished that Alec Baldwin would be on CNBC in character talking about the economy because it...

Measuring The Crisis: Look Past Stocks

BusinessWeek | Ben Levisohn | Posted 05.25.2011 | Business

With the financial system bailout plan derailed by the House of Representatives on Sept. 29, the resulting plunge in equities made headlines around t...

Apple Led Monday's Tech Tumble

BusinessWeek | Arik Hesseldahl | Posted 05.25.2011 | Business

While much attention on Sept. 29 was fixed on the failed bailout vote in Congress and its impact on the Dow Jones industrial average, tech stocks also...

Moscow Super-Rich Pour Millions Into Luxury Homes

Reuters | Posted 05.25.2011 | Business

MOSCOW (Reuters) - The world outside may be in the thralls of crisis, with house prices plunging, markets slumping and banks collapsing; but Russia's ...

Global stocks volatile on bailout rejection

AP | EMILY FLYNN VENCAT | Posted 05.25.2011 | Business

LONDON — Volatile world stock markets showed mixed reactions Tuesday to U.S. lawmakers' rejection of a $700 billion economic rescue plan, with g...

Yale Professor Argues For Global Monetary Authority

Economix | Catherine Rampell | Posted 05.25.2011 | Business

Jeffrey E. Garten, a professor at the Yale School of Management, had a piece in The Financial Times last week arguing for the need for a Global Moneta...

Dow plummets record 777 as financial rescue fails

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff _ including a t...

Apple Plunges After Downgrades

Silicon Alley Insider | Dan Frommer | Posted 05.25.2011 | Business

Apple (AAPL) shares are down 14% to around $110 -- their lowest since May, 2007 -- after Morgan Stanley and RBC both downgraded the stock this morning...

Fed Pumps Further $630 Billion Into Financial System

Bloomberg | Scott Lanman and Craig Torres | Posted 05.25.2011 | Business

Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to allevi...

High-End Stripper Index Suggests Power Shift To Washington, DC

Washington Post | Posted 05.25.2011 | Business

There has been some responsible reportage on the plight of New York-based strippers during the Wall Street crisis of late -- it seems that the high-en...

What's Next In The Wall Street Crisis With A Dead Deal?

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

Today, the House of Representatives denied the bailout deal negotiated by Treasury Secretary Henry Paulson, President George W. Bush and Congressional...

Hedge Funds Brace For Investors To Cash Out

New York Times | Louise Story | Posted 05.25.2011 | Business

First, the money rushed into hedge funds. Now, some fear, it could rush out. Even as Washington reached a tentative agreement on Sunday over what may...

Good Money After Bad

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

There is one more cost our national financiers are not considering. In issuing this boatload of new debt, it in all likelihood will raise the cost of all the other debt we are now carrying.

House rejects $700B bailout in stunning defeat

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergenc...

You Really Believe We're the Priority?

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

JPMorgan ends up with the good part of Wamu for a song -- the taxpayer ends up with "Toxic Waste." Seems to me like a great deal for the taxpayer.

Playboy Laying Off Bunnies Amid Financial Crisis

Daily Star | Katie Begley | Posted 05.25.2011 | Business

PLAYBOY boss Hugh Hefner is laying off some of his bunnies because of the credit crunch. The tycoon is reported to have been told to "strip back" loy...

Stocks mixed on bailout clash; tech slides

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Financial markets remained on edge Friday after the Bush administration's proposal for a $700 billion banking bailout ran into opposi...

Bailout Deal Delayed, Bush Says A Deal Will Get Done

Dave Burdick | Posted 05.25.2011 | Business

**UPDATE** Rep. Adam Putnam (R-Fla.) has credited Republican leadership and the leadership of Sen. John McCain, who said he had suspended his campaig...

Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 05.25.2011 | Chicago

The shotgun acquisition of Washington Mutual by JPMorgan Chase & Co. to prevent the former's collapse could mean the consolidation of a number of bank...